Carol Stream ranked 108th highest in Illinois for the largest per-household police and fire pension debt, which stood at $8,332 in fiscal year 2024, according to the Illinois Department of Insurance.
In fiscal year 2024, the Carol Stream Police Pension Fund placed 414th in underfunding out of Illinois police and fire pension funds, backing only 73.9% of owed retirement benefits with current actuarial assets, per the Illinois Department of Insurance.
After projecting its investments would grow by 6.5 percent, the Carol Stream Police Pension Fund netted 5.3 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Without members and taxpayers subsidizing its revenue, the Carol Stream Police Pension Fund would have lost $276,409 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 76.7 percent of the $2,700,828 the Carol Stream Police Pension Fund brought in 2018, or $3.36 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 64.5 percent of the Carol Stream Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
After projecting its investments would grow by 6.75 percent, the Carol Stream Police Pension Fund lost 0.46 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Carol Stream Police Pension Fund had 61 active participants receiving an average salary of $87,061 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 73.4 percent of the $2,322,667 the Carol Stream Police Pension Fund brought in last year, or $2.86 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Carol Stream Police Pension Fund lost $2,386,173 in 2016, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 70 percent of the Carol Stream Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Pension funds in Lombard, Oakbrook Terrace and Oak Brook would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
Pension funds in Lombard, Oakbrook Terrace and Oak Brook would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.